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    Honor, MI
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    Honor, MI Multifamily Properties for Sale

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    Four-Unit Motel
    Updated: Sep 30
    Four-Unit Motel

    2212 Valley Road, Honor, MI 49640

    $325,000
    2,189 sqft 2.68 AC lot
    Four guest units, including three rooms with baths and a one‑bedroom apartment
    2,189‑square‑foot property on 2.68 acres
    10x20 garage with enclosed 10x20 overhang
    Utility and laundry facility, gazebo, firepit, and parking
    Collison Creek runs through the property
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    Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
    1 active listing matches your search: Multifamily for sale in Honor, MI. Based on your search, we've also compiled 6 Potential Opportunities for your consideration: 4 properties in nearby cities and 2 land listings with development potential.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Waterfront Quadplex With Cottages
    Waterfront Quadplex With Cottages

    9321 N Long Lake Road, Traverse City, MI 49684

    $1,899,000
    1,169 sqft 1.13 AC lot

    Lakefront multifamily property with separate cottages, a boathouse, and flexible multi-family zoning.

    View details
    Renovated Triplex with Unit Mix
    Renovated Triplex with Unit Mix

    812 Forest Avenue, Frankfort, MI 49635

    $485,000
    2,035 sqft 0.17 AC lot

    Three private-entry apartments were renovated in 2023 with full kitchens, laundry equipment, and air conditioning in every unit.

    View details
    Long Lake Cottage Compound
    Long Lake Cottage Compound

    9321 N Long Lake Road, Traverse City, MI 49684

    $1,899,000

    Multiple cottages and Hamlet zoning support a range of commercial uses alongside residential occupancy.

    View details
    Renovated Triplex with Private Entrances
    Renovated Triplex with Private Entrances

    812 Forest Ave, Frankfort, MI 49635

    $485,000

    Completely renovated triplex with three separate units, each with modern appliances and private entrances.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Elevated Farmland Development Parcel
    Elevated Farmland Development Parcel

    Parcel C E Duck Lake Road, Suttons Bay, MI 49682

    $2,400,000
    74.20 AC lot

    Developable farmland parcel offers ridge-top elevation and multi-directional water views near Suttons Bay.

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    Tippy Dam Lodge Resort
    Tippy Dam Lodge Resort

    1306 N Tippy Dam Road, Wellston, MI 49689

    $900,000
    22.24 AC lot

    Multi-building hospitality property with guest sleeping quarters, event space, and a commercial kitchen and dining facility.

    View details

    Honor, MI Multifamily Properties Market Trends and Statistics

    Explore 1 multifamily properties for sale in Honor, MI on our real estate platform. These investment opportunities span a total of 2,189 square feet of properties for sale, with an estimated market value of $325,000.

    Sale prices for multifamily properties in Honor, MI average $325,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Short term rental properties 2

    Demographics Overview

    Population 1,266
    Population Growth (5Y) -20.0%
    Median Household Income $83,750
    College Educated 59.8%

    High-Yield Neighborhoods for Investment

    Identify Honor submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    49640 $466.7K

    Listings Trend

    New vs delisted commercial listings in Benzie County

    New Delisted

    Total CRE Inventory on Market (SF)

    How Realmo verifies these figures

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    Browse Multifamily properties for Sale Near Honor, MI

    Popular Searches in Honor, MI

    Most Searched ZIP Codes in Honor, MI

    • 49640

    Featured Honor Real Estate Agencies

    Realmo connects you with licensed Honor CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Stapleton Realty
    10862 Oviatt Rd Honor, MI 49640
    Phone: (231) 326-4000
    www.cdstapleton.com
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